The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

CFOs deliver sterling defiance against euro

Business leaders have gone off Britain joining the euro, according to the latest MORI captains of industry survey.

 

While about seven in 10 favoured scrapping the pound for the single currency in 1998, now less than half believe it is in the country's economic interest. In that period, there has been a swing of about 25% against joining the euro, despite its recent strength against the US dollar.

 

The fieldwork for the annual survey was taken between late August and the end of October.

 

Some six in 10 respondents were chairmen, chief executive officers and managing directors, with the remainder made up of chief financial officers and board directors of FTSE 500 companies. Half of the companies involved employ more than 5,000 staff and 51% are based in London.

 

More than 70% of respondents supported last January's proposals in the Higgs report on improving corporate governance, with 14% saying they were unsure or thought it was good in parts. As the Higgs report was directed at the top FTSE companies, this will be a welcome finding to Derek Higgs, author of the report, and to its sponsor, the Department of Trade and Industry.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree